-Failure to verify that broker or arranger is properly licensed such that lender exemption from usury is invalidated (in CA check BRE lookup page and check their NMLS license number at www.nmls.com)-Failure to monitor and require borrower to keep property taxes current (a good servicer should do this - do they have E&O insurance for negligence?)

If anything, my offer would have went up, so it's negligible that it's done now after I own the note.

IF real negligence is proven, your personal assets can all be on the hook.

UPGRADES NEEDED: The property was negligently maintained by both the owner and “professional” management company.

But most important; DON'T BE NEGLIGENT in the first place!

I'm pretty sure the landlord insurance wouldn't pay because they always try to play that card (landlord was negligent).I have replaced my deck for my own residence 2 weeks ago, It was in a bad shape but the structure is solid.

I also believe that the behavior Julie describes (ie what this thread question involves), ie: collusion between the buy/sell side, and/or practiced solely by the buy OR sale side, is perfectly rational when the risk of getting caught/reputational risk is judged to be negligible.

@Ete-kamba Jeremiah AmakuI would define a ghetto as a slum area where there is high crime and multiple instances of assault with a deadly weapon, shooting on an occupied dwelling, negligent discharge of a firearm, homicide, etc.

At the end of the day it seemed the previous plumbing issues were not caused by tenant negligence but by a decrepit system.

We otherwise had every element for one: record snowfall, our negligence/naiveness, roof on a house built in the 50's not strong enough to sustain weight from so much snowfall in such a short period of time.